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FINANCIAL NEWS
UAE’s Dewa to announce winning bid for Hassyan plant nxt Feb
14 Dec 2011
(MENAFN) Dubai Electricity and Water Authority (Dewa) said that it would announce the winning bid for its 1600 megawatts Hassyan 1 Power Project next February, reported Emirates 24/7.
Dewa added that it received four bids from international consortia to build the project, adding that these groups submitted the lowest bids for the independent power project and Dewa was evaluating the best price among all bidders for the sale of electricity generated from the project to Dewa.
The company also said that the consortia were Abu Dhabi’s Taqa, Marubeni Corporation, SK E’&’S Co. Ltd, the second one was GS Engineering and Construction Corp., whereas The International Company for Power and Water Projects, KEPCO, and Samsung C’&’T comprised the third consortium, and the fourth consortium included QEWC, QPI, and Siemens Project Ventures.
It is worth noting that Hassyan 1, which is Dewa’s first private power plant, will be 51 percent owned by Dewa and 49 percent by the winning consortium.
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